Whales Are Amassing Two Ethereum-Based Altcoins As Bitcoin and Crypto Consolidation Continues

Steven Spielberg

The largest whales in the Ethereum ecosystem are heavily loading up on two low-cap tokens as the crypto markets continue to consolidate.

The latest figures from whale-tracking website WhaleStats are showing the current holding habits of the 1,000 largest non-exchange Ethereum (ETH) addresses.

The platform compiles a list of the top 10 holdings of the wealthiest Ethereum whales by looking at tokens with the highest average US dollar value among the investor cohort.

WhaleStats shows that deep-pocketed investors hold $528,173 worth of OKB tokens on average to land at number six.

OKB (OKB) is a cryptocurrency issued by OKEx Blockchain Foundation. The Ethereum-based utility token allows traders on the crypto exchange OKEx to pay for fees, earn interest and participate in new digital asset projects.

The crypto whale tracker also shows that rich Ethereum investors are amassing Bitpanda Ecosystem Token (BEST) as the investor group holds $461,230 worth of the ERC-20 token on average, good for a ninth-place finish.

BEST is the native token of crypto, stocks and precious metals investment platform Bitpanda. BEST holders are entitled to trading discounts on top of rewards and benefits within the Bitpanda ecosystem.

Looking at the other large holdings of ETH whales, Ethereum itself towers above all coins, followed by dog-themed meme coin Shiba Inu.

FTX Token (FTT), the native asset of cryptocurrency derivatives trading platform FTX is a podium finisher while stablecoin Tether (USDT) and player-controlled blockchain gaming platform Gala sits on the fourth and fifth spots, respectively.

CRO, the native token of digital asset exchange Crypto.com, places seventh and stablecoin USD Coin (USDC) lands at number eight. Decentralized oracle network Chainlink (LINK) takes number 10 to round out the list.

Source: WhaleStats


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Featured Image: Shutterstock/Gudkov Andrey

Whales Are Amassing Two Ethereum-Based Altcoins As Bitcoin and Crypto Consolidation Continues

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